May 25th, 2024

Statistics Canada says real GDP grew 0.2 per cent in February

By The Canadian Press on April 30, 2024.

Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. Statistics Canada is set to release its February gross domestic product report today, along with a preliminary estimate for economic growth during the first three months of the year. THE CANADIAN PRESS/Sean Kilpatrick

OTTAWA – Statistics Canada says real gross domestic product rose 0.2 per cent in February.

The growth followed a 0.5 per cent gain in January.

Looking ahead, Statistics Canada says its advance estimate for March indicated that real GDP was essentially unchanged for the month.

The economic expansion in February came as services-producing industries increased 0.2 per cent helped by gains in transportation and warehousing.

Statistics Canada says goods-producing industries were essentially unchanged as the mining, quarrying, and oil and gas extraction sector grew and the utilities and manufacturing sectors contracted.

Overall, 12 of 20 sectors increased in February.

This report by The Canadian Press was first published April 30, 2024.

Share this story:

Notify of
Inline Feedbacks
View all comments